Beck: "We're all going to be living under a bridge soon, fending off bums with a beer bottle"
June 23, 2009 6:00 pm ET
From the June 23 edition of Fox News' Glenn Beck:
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To the Bill and Glen bop, you don't wanna stop
The rock it to the bang bang boogie say up jumped the boogie
To the rhythm of the boogie, the beat
:-0)
http://www.youtube.com/watch?v=m7elX4Jb_gM
Now if Glenn Beck started out the morning with this song, there's no way he could be in such a filthy mood all the time.
Darn it, I was hoping Becky would start crying again. So close....
Obama to Strip Fed of Power to Regulate Mortgages, Credit Cards
WASHINGTON — Among the sweeping changes in government regulation that President Barack Obama will propose Wednesday is the creation of an independent and powerful Consumer Financial Product Safety Commission to regulate financial products such as mortgages and credit cards.
With an eye toward protecting consumers and ordinary investors, the Federal Reserve and other bank regulators would lose their oversight over mortgages, credit cards and other financial products that are sold to consumers. It's a radical shift in approach and a tacit acknowledgment of federal failure.
"Lets face it, the (Federal Reserve Board) has had the power to engage in aggressive consumer regulation at least since 1994," Harvard law professor Elizabeth Warren, who chairs the Congressional Oversight Panel, which oversees how Wall Street bailout money is being spent, told McClatchy in an interview. "They clearly had the power to stop the mortgage crisis before it started. And what did they do with that power? Nothing."
Warren's view was echoed by Rep. Barney Frank, D-Mass., the chairman of the influential House Financial Services Committee, which will write the legislation to implement and perhaps build on Obama's proposals.
"We definitely should take consumer protection away from the Fed," Frank said.
Gee, if you are stripping the federal reserve of power, doesn't that mean you are weakening the federal reserve instead of giving it more power? The mind reels at right wing thinking...
We are not yet on an unrecoverable path, but we are likely to be the first generation to leave our kids less well off if we fail to act.
Glen is an idiot, but he ain't always wrong.
Here's sometthing that should be required reading.
So thank god we ACTED.
One can argue that may have been needed in the short-term but increased deficit spending seems to be the only plan for the future as well.
Because otherwise, it sounds like you just want more of the laissez faire practices that got us in trouble in the first place.
You're conflating SPENDING with BORROWING. It's TRUE that Obama is BORROWING "more money than all presidents combined," but that was also true of Ronald Reagan and George W. Bush. It's just plain false however to say that he's "SPENDING more money than all presidents combined."
Here's a more objective analysis: http://www.msnbc.msn.com/id/31199889
The modifier "we're" implies Beck himself is included.
So -- is Beck saying he's already living under a bridge? Wouldn't surprise me . . .
.
DUDE!! You are in the midst of a $50 million radio contract, plus will make another $10 million or so this year with FNC, a book and "comedy" shows!!
There is no "WE". There's you and your corporate pimps, and then there is us.
I thought that's where trolls usually called home